Hi, I was wondering if someone could tell me what the SOL for North Carolina was. I THOUGHT it was 7 years but I keep hearing differently on this board. Also, does SOL work for signature loans at banks for car loans and past debt consolidation and medical bills? Or is it just for cc's? Thanks Christine
STATE: NORTH CAROLINA Interest Rate Legal: 8% Judgment: 8% STATUTE OF LIMITATIONS (IN YEARS) Open Account: 3 Written Contract: 3 Sales (UCC) Contract: 4 Domestic Judgment: 10 Foreign Judgment: 10 BAD CHECK LAWS (CIVIL PENALTY) 30 day written demand lesser of $500 or 3 x check amount, but not less than $100. GENERAL GARNISHMENT EXEMPTIONS 100% of last 60 days' earnings for family support. Garnishment only by political subdivisions for taxes, ambulance fees, etc.
